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The Euro Is Unstoppable Today and Challenging the Tough 1.2160 Now
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By rosered44
The euro continued to press higher today and the buy order opened earlier today during the European session closed with a profit.
The euro’s first attempt to break above 1.19 has failed since November 29. The U.S. dollar seems to have no enthusiasm for the tax bill. EUR/USD, GBP/USD, and AUD/USD all moved higher. Although the stock market has been very excited about the passage of the tax reform bill, the U.S….
The ECB left the interest rates and QE unchanged; however, the ECB President Draghi’s comment drove the euro lower. The U.S. central bank raised the rate by 0.25% yesterday afternoon as expected. Not everyone on the board agreed on the rate hike. 2 members dissented. Nothing new came out of…
The euro’s decline was exacerbated after the 1.2313 level of support was violated. The euro found some support at 1.2250 but eventually, succumbed to the selling pressure. The next level of support was found near 1.2211. The rebound from 1.2211 triggered an action from my MT4 EA. A long position…